267,114 Shares in European Wax Center, Inc. (NASDAQ:EWCZ) Acquired by Kazazian Asset Management LLC

Kazazian Asset Management LLC purchased a new position in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 267,114 shares of the company's stock, valued at approximately $1,782,000. European Wax Center comprises 1.4% of Kazazian Asset Management LLC's investment portfolio, making the stock its 19th biggest position. Kazazian Asset Management LLC owned approximately 0.47% of European Wax Center as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in shares of European Wax Center by 12.3% during the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company's stock worth $103,000 after buying an additional 1,690 shares during the period. Intech Investment Management LLC bought a new stake in shares of European Wax Center during the 4th quarter worth $106,000. Royce & Associates LP bought a new stake in shares of European Wax Center during the 3rd quarter worth $108,000. Quantbot Technologies LP boosted its holdings in shares of European Wax Center by 52.3% during the 3rd quarter. Quantbot Technologies LP now owns 22,454 shares of the company's stock worth $153,000 after buying an additional 7,709 shares during the period. Finally, XTX Topco Ltd bought a new stake in European Wax Center in the 3rd quarter valued at $162,000. 82.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EWCZ has been the subject of a number of recent research reports. Telsey Advisory Group restated a "market perform" rating and issued a $6.00 price objective on shares of European Wax Center in a research note on Tuesday, March 11th. Piper Sandler cut shares of European Wax Center from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $9.00 to $7.00 in a research note on Monday, January 6th. Jefferies Financial Group set a $15.00 price objective on shares of European Wax Center in a research note on Tuesday, March 11th. Morgan Stanley dropped their price objective on shares of European Wax Center from $5.00 to $4.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. Finally, Robert W. Baird dropped their price objective on shares of European Wax Center from $7.00 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, European Wax Center presently has an average rating of "Hold" and an average price target of $7.31.

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European Wax Center Price Performance

EWCZ traded down $0.02 during midday trading on Friday, hitting $3.99. The company had a trading volume of 1,056,207 shares, compared to its average volume of 730,320. The company has a market capitalization of $227.20 million, a PE ratio of 17.35, a P/E/G ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. European Wax Center, Inc. has a twelve month low of $2.72 and a twelve month high of $13.17. The firm's 50-day simple moving average is $6.17 and its 200-day simple moving average is $6.46.

European Wax Center Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.